First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Down 68.7% in August

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEMGet Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 661 shares, a drop of 68.7% from the August 15th total of 2,109 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,848 shares, the short-interest ratio is currently 0.4 days.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Up 1.0%

NASDAQ RFEM traded up $1.02 on Friday, reaching $99.56. The company had a trading volume of 1,262 shares, compared to its average volume of 4,545. The stock has a market capitalization of $84.62 million, a PE ratio of 12.49 and a beta of 0.80. First Trust RiverFront Dynamic Emerging Markets ETF has a 12 month low of $73.81 and a 12 month high of $100.15. The firm’s 50 day moving average price is $95.54 and its 200 day moving average price is $91.75.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $1.1214 dividend. This represents a $4.49 annualized dividend and a dividend yield of 4.5%. This is a positive change from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

A number of hedge funds have recently made changes to their positions in RFEM. Ferguson Shapiro LLC raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 126.6% during the first quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock valued at $17,895,000 after purchasing an additional 121,708 shares in the last quarter. LPL Financial LLC grew its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 46.7% in the 4th quarter. LPL Financial LLC now owns 77,302 shares of the company’s stock worth $6,121,000 after buying an additional 24,618 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1,255.0% in the 4th quarter. Osaic Holdings Inc. now owns 14,133 shares of the company’s stock worth $1,120,000 after buying an additional 13,090 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 125.5% in the 2nd quarter. Raymond James Financial Inc. now owns 16,173 shares of the company’s stock worth $1,155,000 after buying an additional 9,002 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 3,296.4% in the 4th quarter. Wells Fargo & Company MN now owns 8,559 shares of the company’s stock worth $678,000 after buying an additional 8,307 shares during the last quarter.

About First Trust RiverFront Dynamic Emerging Markets ETF

(Get Free Report)

The First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) is an exchange-traded fund that is based on the Benchmark for RFEM Fund index. The fund is actively-managed to select in emerging market stocks using multiple factors. The manager has discretion to hedge currency exposure up to 100% of the portfolio. RFEM was launched on Jun 14, 2016 and is managed by First Trust.

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